# The Value Added Tax (Change of Rate) Order 2008, Note: Explanatory note


(This note is not part of the Order)
This Order, which comes into force on 1st December 2008, reduces the rate of Value Added Tax by 142/7 percent to effect a reduction from 17.5 per cent to 15 per cent and makes a consequential change to the Value Added Tax Act 1994. This Order will have effect from 1st December 2008 to 30th November 2009.
A full Impact Assessment of the effect that this instrument will have on the costs of business and the voluntary sector is available from H M Revenue and Customs, 100 Parliament Street, London SW1A 2BQ and is annexed to the Explanatory Memorandum which is available alongside the instrument on the OPSI website.

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Source: https://www.legislation.gov.uk/uksi/2008/3020/note (the official version)
Page: https://openlegislation.uk/value-added-tax-change-of-rate-order-2008/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.